PUBLISHER: The Business Research Company | PRODUCT CODE: 1670849
PUBLISHER: The Business Research Company | PRODUCT CODE: 1670849
The pneumococcal vaccine is a vaccination designed to provide protection against severe pneumococcal infections caused by Streptococcus pneumoniae bacteria, including pneumonia, meningitis, and sepsis. It is particularly effective in preventing one of the most common causes of meningitis and other illnesses in infants, such as acute ear infections.
The primary pneumococcal vaccines include Prevnar 13, Synflorix, Pneumovax23, and others. Prevnar 13 is a pneumococcal conjugate vaccine containing 13 distinct strains of Streptococcus pneumoniae. It is administered to children and tested on immunocompromised patients to prevent pneumococcal disease. The vaccine can be administered through intravenous, intramuscular, and subcutaneous routes and is distributed through pharmacies, community clinics, public health agencies, and other channels to end-users such as pediatrics and adults.
The pneumococcal vaccine market research report is one of a series of new reports from The Business Research Company that provides pneumococcal vaccine market statistics, including pneumococcal vaccine industry global market size, regional shares, competitors with a pneumococcal vaccine market share, detailed pneumococcal vaccine market segments, market trends and opportunities, and any further data you may need to thrive in the pneumococcal vaccine industry. This pneumococcal vaccine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The pneumococcal vaccine market size has grown strongly in recent years. It will grow from $8.94 billion in 2024 to $9.49 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to discovery of streptococcus pneumoniae, public health concern, early vaccination efforts, healthcare advancements, vaccine policy changes
The pneumococcal vaccine market size is expected to see strong growth in the next few years. It will grow to $12.12 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to evolving pneumococcal strains, continued research and development, immunization priorities, expanded vaccine access, population aging. Major trends in the forecast period include multivalent vaccine development, vaccination in at-risk group, boosting vaccine efficacy, education and awareness campaigns, targeting infant immunization.
The growth of the pneumococcal vaccine market is anticipated to be driven by the increasing prevalence of pneumococcal contamination. Pneumococcal contamination encompasses various infections caused by Streptococcus pneumoniae or pneumococcus bacteria, leading to conditions such as pneumonia, bloodstream infections, ear infections, and sinus infections. The pneumococcal vaccine plays a crucial role in stimulating the production of antibodies, offering protection against pneumococcal bacteria. This is particularly vital for vulnerable populations, including children, the elderly, and individuals with weakened immune systems. For instance, recent data from the Center for Disease Control and Prevention (CDC) in January 2022 revealed that pneumococcal pneumonia results in approximately 150,000 hospitalizations annually in the United States, representing a substantial portion of adult community-acquired pneumonia cases.
The increasing aging population is playing a significant role in driving the growth of the pneumococcal vaccine market. An aging population refers to a demographic shift where the proportion of elderly individuals in a population rises over time. Pneumococcal diseases, such as pneumonia, tend to be more common and severe in older adults. As people age, their immune systems weaken, making them more vulnerable to infections. For example, in July 2023, Age UK, a UK-based charity for older individuals, reported that there are 11 million people over the age of 65 in England. This figure is expected to grow by 10% within the next five years and by 32% by 2043, representing increases of 1.1 million and 3.5 million individuals, respectively. As a result, the growing aging population will contribute to the expansion of the pneumococcal vaccine market.
Major companies in the pneumococcal vaccine market are actively innovating new products. For instance, Merck & Co Inc., a prominent pharmaceutical company, introduced the V116 vaccine in July 2023. Designed to target eight distinct serotypes of Streptococcus pneumoniae responsible for adult pneumococcal disease, V116 has exhibited superior immunogenicity compared to other vaccines in adult populations. Notably, the U.S. Food and Drug Administration (FDA) has designated V116 as a breakthrough therapy, currently advancing through Phase 3 development.
Conjugate vaccines are gaining prominence among major companies in the pneumococcal vaccine market, offering enhanced protection by targeting multiple serotypes. Pfizer, a leading pharmaceutical company, launched PREVNAR 20 in April 2023, a conjugate vaccine designed to protect against the 20 pneumococcal serotypes responsible for the majority of pneumococcal diseases. The development of such advanced vaccines underscores the commitment to comprehensive preventive measures.
In August 2022, GSK plc strategically acquired Affinivax, Inc., a clinical-stage biopharmaceutical company, for an undisclosed amount. This acquisition provides GSK plc with access to innovative technologies, including the Multiple Antigen Presenting System (MAPS), and the 24-valent pneumococcal vaccine candidate, further solidifying its position in the pneumococcal vaccine market.
Major companies operating in the pneumococcal vaccine market include Pfizer Inc., Johnson & Johnson, Merck & Co. Inc., Sanofi S.A., GlaxoSmithKline plc, Astellas Pharma Inc., CSL Limited, Anhui Zhifei Longcom Biopharmaceutical Co. Ltd, Serum Institute of India Private Limited, Emergent BioSolutions Inc., Walvax Biotechnology Co. Ltd, Biological E Limited, Hualan Biological Engineering Inc., Beijing Minhai Biotechnology Limited Company, NPO Petrovax Pharm LLC, Vaxcyte Inc., Panacea Biotec Ltd, Inventprise LLC, Tergene Biotech Private Limited, PnuVax Incorporated, SK Bioscience Co Ltd
North America was the largest region in the pneumococcal vaccine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pneumococcal vaccine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the pneumococcal vaccine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The pneumococcal vaccine market consists of sales of vaxneuvance, prevnar 20, pneumococcal conjugate vaccines (PCV)10, and pneumococcal conjugate vaccines (PCV)7. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Pneumococcal Vaccine Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pneumococcal vaccine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pneumococcal vaccine ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The pneumococcal vaccine market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.